Pay 'Soars' As Job Hunters Spoiled For Choice

Written By Unknown on Sabtu, 10 Januari 2015 | 11.46

A shortage of skills could mean the job hunter "finally becomes king" this year, with pay levels soaring for staff placed by employment agencies.

The finding, in a monthly report on the job market by the Recruitment and Employment Confederation (REC) and professional services group KPMG, was put down to shortfalls in availability - particularly among temporary workers.

The study suggested candidates were becoming choosy about which jobs to take and pay for temporary staff had risen at its strongest rate for three months.

Pay rises until recently had lagged behind the rate of inflation, which left families with a six-year squeeze on their budgets.

Pay levels were held down by the effects of the financial crisis and wider employment landscape.

Bernard Brown, of KPMG, said of the current situation: "A strong year for the UK jobs market finished with a flourish as temporary roles saw an upswing in popularity.

"More than one in three recruiters suggest that employees looking for short-term roles are being increasingly spoilt for choice as organisations search for help in an effort to fulfil customer orders.

"Good news for candidates also extends into the pay packet. Once again, a shortage of skills in key areas has led to a rise in the starting salaries on offer.

"It could mean that 2015 becomes the year in which the candidate finally becomes king."

The report warned that the improved power being enjoyed by job hunters could be short-lived.

Kevin Green, the chief executive of the REC, said: "As we enter 2015 the jobs market continues its strong performance.

"Recruiters are helping an increasing number of businesses find new permanent employees, and skills shortages in most areas of the economy mean that competition for quality candidates is driving up starting salaries.

"Economic growth for 2015 looks sustainable, however the concern now is that political uncertainty could spook the market as we approach a General Election.

"The prospect of increased government intervention in the labour market as promised by the left, questions around Britain's position in the EU which are being posed by the right, and the potential for protracted negotiations around a hung parliament come May could affect business confidence and hence future hiring."


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